Rare AE drachm, unknown ruler from Margiana, ca.175-230 AD

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Bust left // Archer seated right, Pehlavi legends around. 18mm, 3.85 grams. Probably Herat-Sistan region. MIG 1164; Senior 267.2. SKU T1122-52123

Mitchiner saw a karhosti legend behind archer - he attributed this type to Ardeshir, vassal king of Sakastan, AD 230-245 (MIG 1164). Senior considered the legend to be Pahlevi legend (Senior 267.2). Other authorities considered these coins Gondopharid (Indo-Parthian), though it is hard to place them within the Gondopharid series due to stylistic considerations.